2016 Annual Report Abstract of Yantai Changyu Pioneer Wine Co. Ltd.
Shares Code: 000869， 200869 Shares Abbreviation: Changyu A， Changyu B Notice No.: 2016-Final01
Yantai Changyu Pioneer Wine Co. Ltd. 2016 Annual Report Abstract
1. Important Warning
This Annual Report abstract comes from the whole contents of annual report. If investors desire to
comprehend the Company’s operating results, financial situation and future development plan, please
read the Annual Report on the media specified by the China Securities Regulatory Commission.
The Board of Directors，the Board of Supervisors，directors, supervisors & senior managers of the
Company collectively and individually accept full responsibility for the truthfulness，accuracy and
completeness of the information contained in this report and confirm that to the best of their
knowledge and belief there are no unfaithful facts, significant omissions or misleading statements.
Mr. Sun Liqiang (Chairman of the Company), Mr. Leng Bin (Chief Financial Officer) and Mr. Jiang
Jianxun (Financial Director) assure the truthfulness, accuracy and completeness of the financial
report in the annual report.
All directors personally attended the meeting for deliberating the annual report of 2015.
Non-standard audit opinion notice
□Available Not available
The preliminary scheme of the report period’s common stock profit distribution or increasing equity
with reserve deliberated by the board of the directors
Available □Not available
Whether to increase equity with reserve
□Yes No
The Company’s preliminary scheme of common stock profit distribution deliberated and passed by
the board of the directors is as following: Based on the Company total 685,464,000 shares，we plan
to pay CNY 5 in cash as dividends for every 10 shares (including tax) to the Company’s all
shareholders, send 0 bonus(including tax) and capital reserve will not be transferred to equity.
The preliminary scheme of this report period’s preferred share profit distribution deliberated and
passed by the board
□Available Not available
2.Brief Introduction of the Company
(1) Company introduction
Changyu A, 000869,
Abbreviation of the Shares: Code number of the Shares
Changyu B 200869
Place of listing of the Shares Shenzhen Stock Exchange
1
2016 Annual Report Abstract of Yantai Changyu Pioneer Wine Co. Ltd.
Abbreviation of the Shares after
-
alteration (if have)
Secretary to the Board of Authorized Representative of the
Contact person and information
Directors Securities Affairs
Name Mr. Qu Weimin Mr. Li Tingguo
56 Dama Road, Yantai, 56 Dama Road, Yantai,
Address
Shandong, China Shandong, China
Fax 0086-535-6633639 0086-535-6633639
Tel 0086-535-6633656 0086-535-6633656
E-mail quwm@changyu.com.cn stock@changyu.com.cn
(2) Main businesses during the report period or product brief introduction
During the report period, the Company’s main business is to produce and operate wine and brandy,
thus providing the domestic and foreign consumers with healthy and fashionable alcoholic drinks.
Compared with earlier stage, there are no significant changes happened to the Company’s main
businesses. The wine industry that the Company involved in is still in the growth stage, the whole
domestic wine market is on the rising trend. The Company takes the dominant position in the
domestic wine market.
(3) Key accounting data and financial indicators
①Key accounting data and financial indicators in recent three years
Whether the Company makes retroactive adjustments or restates the accounting data of previous
fiscal years because of changes of accounting policy and/or accounting errors.
□Yes No
Unit: CNY
More or less than
Item 2016 2015 2014
Last year (%)
Business revenue 4,717,596,472 4,649,722,368 1.46% 4,156,727,525
Net profit attributed
to the shareholders of 982,460,488 1,030,073,860 -4.62% 977,707,711
the listed company
Net profit attributed
to the shareholders of
the listed company
941,730,478 993,268,823 -5.19% 950,191,379
after deducting the
irregular profit and
loss
Net cash flows from
the operating 889,911,970 1,143,046,367 -22.15% 1,070,083,296
activities
Basic earnings per 1.43 1.5 -4.67% 1.43
2
2016 Annual Report Abstract of Yantai Changyu Pioneer Wine Co. Ltd.
share (CNY/share)
Diluted earnings per
1.43 1.5 -4.67% 1.43
share (CNY/share)
Weighted average for
earning rate of the 12.55% 14.40% -1.85% 13.96%
net assets
More or less than
Dec. 31st 2016 Dec. 31st 2015 Dec. 31st 2014
Last year (%)
Total assets 11,528,077,971 10,344,211,461 11.44% 8,912,232,640
Net Assets attributed
to the shareholders of 8,209,010,989 7,564,099,003 8.53% 6,840,452,145
the listed company
②Key financial indicators by quarter
Unit: CNY
st nd rd th
1 Quarter 2 Quarter 3 Quarter 4 Quarter
Business revenue 1,882,230,620 870,802,179 1,010,732,839 953,830,834
Net profit attributed to
the shareholders of the 542,806,719 152,215,128 129,748,790 157,689,851
listed company
Net profit attributed to
the shareholders of the
listed company after 538,762,161 139,716,160 123,011,178 140,240,980
deducting the irregular
profit and loss
Net cash flows from the
605,256,456 77,491,913 308,317,385 -101,153,784
operating activities
Whether there are differences between the above mentioned financial indicators or their sum and the
related financial indicators in the quarterly reports and semi-annual reports disclosed by the
Company.
□Yes No
3
2016 Annual Report Abstract of Yantai Changyu Pioneer Wine Co. Ltd.
(4) Capital stock and shareholders’ situation
① Number of common stockholder and preferred shareholder recovering voting power, and situation of shares held by top ten
shareholders
Unit: share
Total number of preferred
Total number of
Total number of preferred shareholder recovering
common shareholders
shareholder recovering voting power by the end
Total shareholders in the report period 41,984 by the end of last month 42,254
voting power by the end 0 0
before the disclosure of last month before the
of report period
day of the annual report disclosure day of the
annual report
The top 10 shareholders holding situation
Percentage Number of Pledged or frozen
Shares held until the end
Name of Shareholders Character of shareholders restricted
(%) of the report period
shares Share status Amount
Domestic non-state-owned
YANTAI CHANGYU GROUP CO. LTD. 50.40% 345,473,856 0 -- 0
legal person
GAOLING FUND,L.P. Foreign legal person 3.11% 21,300,919 0 -- 0
CHINA SECURITIES FINANCE CORP State-owned legal person 2.32% 15,924,155 0 -- 0
BBH BOS S/A FIDELITY FD - CHINA
Foreign legal person 2.22% 15,241,826 0 -- 0
FOCUS FD
TianAN property insurance co., Domestic non-state-owned
1.16% 7,939,166 0 -- 0
LTD—Baoying No.1 legal person
4
2016 Annual Report Abstract of Yantai Changyu Pioneer Wine Co. Ltd.
NORGES BANK Foreign legal person 0.96% 6,584,748 0 -- 0
GUOTAI JUNAN
Foreign legal person 0.78% 5,321,478 0 -- 0
SECURITIES(HONGKONG) LIMITED
CENTRAL HUIJIN ASSET
State-owned legal person 0.69% 4,761,200 0 -- 0
MANAGEMENT LTD.
BBH A/C VANGUARD EMERGING
Foreign legal person 0.55% 3,788,487 0 -- 0
MARKETS STOCK INDEX FUND
FIDELITY CHINA SPECIAL
Foreign legal person 0.55% 3,779,202 0 -- 0
SITUATIONS PLC
Among the top 10 shareholders, Yantai Changyu Group Company Limited has no associated relationship or
The explanation for the associated relationship and
accordant action relationship with the other 9 listed shareholders, and the relationship among the other
accordant action
shareholders is unknown.
Explanation for the top 10 shareholders who involved
in financing activities and stock trading business (if NO
any)
②Number of preferred shareholder and situation of preferred shares held by top ten preferred shareholders
□Available Not available
There are no shares held by preferred shareholders during the report period.
5
2016 Annual Report Abstract of Yantai Changyu Pioneer Wine Co. Ltd.
③Introduction for property right and control relations between the Company and its actual controllers
Yantai Guofeng Investment
Illva Saronno Holding Spa Holdings Co., Ltd
6
2016 Annual Report Abstract of Yantai Changyu Pioneer Wine Co. Ltd.
(5) Company Bonds
Whether the Company exists public offering and lists on the Stock Exchange, and the Company is
unable to fully pay company bonds in the approved announcement date of this annual report before
maturity or in the maturity date.
No.
3. Management Discussion and Analysis
(1) Brief introduction of operation situation during the report period
Whether the Company need to follow the disclosure requirement of special business?
No.
(2) Whether major business has significant changes during the report period?
□Yes No
(3) The condition of products accounting for over 10% in the Company’s main operating
incomes or main operating profits
Available □Not available
Unit: CNY
Year-on-
Year-on- Year-on-
year
year year
increase
increase increase
Gross or
or or
Operating income Operating cost profit decrease
decrease decrease
rate (%) of
(%) of (%) of
gross
operating operating
profit
income cost
rate
Wine 3,700,806,317 1,204,784,351 67.45% 1.13% 5.15% -1.24%
Brandy 905,687,936 317,845,705 64.91% 2.54% 3.46% -0.31%
(4) Whether there are features of operating seasonality or periodicity required special attention
□Yes No
(5) Explanation for the operating income, operating cost, total net profit attributed to the
common shareholders of the listed company or constituting major changes compared with
former report period
□Available Not available
(6) Face of suspension and termination of listing
□Available Not available
7
2016 Annual Report Abstract of Yantai Changyu Pioneer Wine Co. Ltd.
(7) Related items involving financial report
①Explanation for the changes of the accounting policy, accounting estimation and accounting
method
□Available Not available
There are no changes to the accounting policy, accounting estimation and accounting method during
the report period.
②During the report period, the situation explanation for the correction of major accounting
errors which need to be retrospect and restated
□Available Not available
There is no situation for the correction of major accounting errors which need to be retrospect and
restated.
③Compared with the previous year’s financial report, explanation for the changes of the
consolidated statements scope.
Available □Not available
For consolidation scope of the year, please refer to Financial Report Notes VIII "Equity in other
entities" of “2016 Annual Report ”in detail. For detail of changes in consolidation scope of the year,
please refer to Finacial Report Notes VII "Change in consolidation scope".
8
